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Q3 Venture Investments For SoCal Total Around $1.0 Billion

socalTECH

Southern California venture totals for Q3 totaled around $1.0 billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. based in Malibu, which secured around $100M in funding to acquired the North American Credit-on-Self division of D&B in July. billion invested in Q2.

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MalibuIQ, HRL Team On Commercialization Effort

socalTECH

Malibu-based MalibuIQ and HRL Laboratories , the former research and development arm of Hughes Aircraft which was previously known as Hughes Research Laboratories, said Tuesday that they have tied together to commercialize inventions and IP from HRL. MalibuIQ is co-located at HRL's hillside campus, which overlooks the city of Malibu.

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Tech and Entertainment Have a Home in Silicon Beach

Tech Zulu Event

Malibu and Beverly Hills have long been hot neighborhoods for entertainment execs. According to the Wall Street Journal , these included Ooma founder Andrew Frame purchasing in Bel Air, and Facebook head of market development Matt Jacobson buying in Manhattan Beach. percent higher than those of last year.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Developments Blog. In March of last year, Matt Jacobson, head of market development at Facebook, paid $10.9 Earlier this year, Mr. Rappaport sold a beach cottage in Malibu to a Facebook executive for $6.8 CEO Terry Semels compound in Malibu for $37 million—Mr. Developers are scrambling to cater to the influx.